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BTC ETFs lose $457M after DeepSeek’s market entry – Details

Press Releases Crypto News AMB-Crypto BTC ETFs lose $457M after DeepSeek’s market entry – Details

DeepSeek’s launch caused significant crypto market volatility, with $534 million in ETP outflows.
XRP showed resilience, attracting $2.1 million in inflows during the market downturn.

The launch of DeepSeek has sent shockwaves through the cryptocurrency market, triggering a sharp decline across various sectors.

Crypto mining stocks took a hit, while the broader market experienced intense volatility, leading to a widespread downturn.

Impact of DeepSeek on BTC and ETH ETF

Even spot Bitcoin [BTC] and Ethereum [ETH] ETFs, which saw $1.9 billion in inflows during the first week of Donald Trump’s second term, were not spared.

The turbulence caused by DeepSeek led to a reversal. Spot BTC ETFs witnessed $457.6 million in outflows, and spot ETH ETFs lost $136.2 million, according to Farside Investors.

Additionally, the ETP market experienced the same effect.

Remarking on the same, James Butterfill, Head of Research at CoinSharesCo noted,

“Yesterday’s rout in the markets caused by the DeepSeek news caused investors to panic, prompting outflows from Bitcoin and Ethereum totalling US$442m and US$99m respectively.”

Ripple’s XRP stood strong

As the crypto market faced a dramatic single-day sell-off, total ETP outflows surpassed $534 million, rattling investor confidence.

While Bitcoin and Ethereum investors rushed to the exits, XRP defied the broader downturn. Despite an initial dip, XRP quickly rebounded, attracting $2.1 million in ETP inflows on the same day.

On-chain activity mirrored this trend, with high-net-worth wallets accumulating 120 million XRP during the market slump. Rather tha

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Author: Ishika Kumari

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